<p>Odaily News 0xQuit, vice president of blockchain business at Yuga Labs, wrote on X that seeing some people predict that the bottom of ETH is around $1,500, this seems reasonable given the market we are experiencing, but you need to ask yourself an important question - are we at the beginning or the end of the bear market?<br/> If this is the end of the bear market, great. BTC has barely taken a big price hit and is holding steady at levels that were still all-time highs just a few months ago, which is very bullish for BTC.<br/> However, if this is the beginning of a bear market, then be prepared to see ETH prices well below $1,500. It is quite ridiculous to think that an asset that is down 30% this week and over 50% in the past 3 months has a long-term final bottom only 20% away from here. If the bear market has just begun, ETH&#39;s target price may be $200-400, which means another 80% drop from the current price, a total drop of 90%, which is consistent with past bear markets.<br/> 0xQuit finally said: &quot;I personally tend to be bullish at this position, but my position layout can also accept the market to continue to fall. If you can&#39;t accept the worst expectations, please consider selling some.&quot;<br/></p>